Fairway advised Stam Europe on the acquisition of a 35,000 sq.m logistics platform in Beauvais, Picardy. The acquisition was financed by LCL and La Banque Postale Asset Management, existing lenders to the Highlands II portfolio.

Developed in two phases in 2008 and 2013, the complex is fully leased to Dispeo, the site’s long-standing occupier. “The excellent accessibility of the site, just a few hundred meters from the A16 motorway interchange, makes it a strategic location on the outskirts of Paris,” notes Alexandra Vaquin, Director of Acquisitions at Stam Europe.

“The business plan includes work to improve the ICPE and ESG characteristics of the site in collaboration with the lessee”, adds Armand Goulet, Investment Manager.